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Property profile & analytics
OFF-MARKET
Estimated value
$16,320,000
Industrial properties
4 High St, North Andover, MA 01845-2677
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1055014
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1860
Total area
215,739 SF
Lot
8.45 ac (368,239 SF)
Zoning code
IS
APN
NAND M:00054 B:00001 L:00000
UPID
US38-1055014
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Silva & Salinas LLC Law Firm
-
Danielle's Hair Loft Hair Salon
-
Wildflower Hair Studio Hair Salon
-
Alter Ego Beauty, LLC Spa & Massage Center Skin Care Clinic
-
Babe Beauty Co. Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.67M
Blend (final)
Blend
$16.32M
Owner & transaction history
Rcg North Andover Mills · 6 yrs held
Rcg North Andover Mills
since 2019
4 recorded transactions
Zoning & alternative use
IS · North Andover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Andover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.32M
Range $14.69M – $17.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$57,425
Tax year 2024
Assessed value
$3,681,100
Assessed 2024
Previous assessed
$3,681,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$2,669,700
Assessed improvement
$1,011,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1860
Heating
GAS
Cooling
YES
Buildings
1
Stories
3
Units
42
Total area
215,739 SF
Lot
8.45 ac (368,239 SF)
Zoning code
IS
APN
NAND M:00054 B:00001 L:00000
UPID
US38-1055014
Jurisdiction
NORTH ANDOVER
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IS · North Andover, MA
Zoning IS · permitted uses
IS · North Andover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Andover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1860
Heating
GAS
Cooling
Yes
Stories
3
Buildings
1
Units
42
Lot
8.45 ac
Current owner
From public records · entity-resolved
Rcg North Andover Mills
Individual
Mailing address
17 IVALOO ST, SOMERVILLE, MA 02143-3656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
Rcg North Andover Mills
—
Deed
related
$45,000 · Wells Fargo Bank NA
Aug 12, 2016
—
Rcg West Mill NA LLC
—
Deed
related
$21,150,000 · Rockland Tr
—
—
Rcg West Mill NA LLC
—
Deed Of Trust
related
$21,150,000 · Rockland Tr
—
—
Rcg West Mill NA LLC
—
Deed Of Trust
related
$16,850,000 · Rockland Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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